John,
Patagonia, Argentina, is known for breathtaking mountains and wildlife. But it's under threat because it's home to the Vaca Muerta shale formation – one of the biggest unconventional oil and gas deposits in the world.
Last month, Argentina confirmed a new gas pipeline that will pump fracked gas from Vaca Muerta across Argentina and abroad.
Now local politicians want to break the record for most oil produced there in a single day,1 which would have catastrophic consequences for not only Argentina, but the entire world.
To stop the expansion of fracking in Vaca Muerta, we need to stop money flowing to it. We do that by raising our voices and pressuring funders – including U.S. banks – to stop bankrolling the biggest operator in the region, oil giant YPF.
To be clear, it’s not just us trying to stop this fracking. The Mapuche Confederation – Indigenous people who have inhabited this land for generations – want this pipeline and exploration of Vaca Muerta to be stopped.
In April, they presented an environmental impact study which highlighted the deadly and destructive impact fracking is having in the region.2
To stand in solidarity with their efforts, it’s up to us to pressure our banks to stop funding YPF.
Thank you for speaking out, John.
Ellie May
350.org
1 - Reuters
2 - LM Neuquén
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PO Box 843004, Boston, MA 02284-3004
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